Blockonomi
TLDR: Shanghai regulators met to explore stablecoin strategies for yuan-linked innovation. JD.com and Ant Group are preparing for Hong Kong stablecoin license applications. China faces capital control hurdles despite rising pressure to compete with U.S. stablecoins. The PBoC remains cautious but tone is shifting as local officials push for controlled pilots…
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China Rethinks Stablecoin Policy as Shanghai Hosts Strategic Talks
Brenda Mary
21:25
TLDR: Shanghai regulators met to explore stablecoin strategies for yuan-linked innovation. JD.com and Ant Group are preparing for Hong Kong stablecoin license applications. China faces capital control hurdles despite rising pressure to compete with U.S. stablecoins. The PBoC remains cautious but tone is shifting as local officials push for controlled pilots…
